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I tried to explain compound interest to my 8-year-old using a cookie jar analogy (it backfired)
We were at the kitchen table, and I said the 'interest cookies' would make more cookies, but now she just raids the pantry daily asking for her 'cookie dividends'. Anyone have a better way to teach kids about money that won't cost me a fortune in snacks?
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craig.john1d ago
Try a clear jar with actual coins. Watching the pile grow is way more convincing than cookies (and cheaper, trust me).
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brian_smith61d ago
Totally agree about the clear jar with coins. I did that for a vacation fund and it just hits different. You can actually see the weight of it change when you drop in quarters, and shaking it to hear the clink is weirdly satisfying. Makes the goal feel way more real than numbers on a screen. What did you end up saving for?
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